RSGT expands into multipurpose operations at four Red Sea ports

Red Sea Gateway Terminal (RSGT) has announced a strategic expansion into multipurpose terminal operations through newly awarded concessions at four port facilities along the Red Sea. 

Under the 20-year concession agreements with the Saudi Ports Authority (Mawani), RSGT will assume the operational responsibility for Jeddah Islamic Port, King Fahd Industrial Port, Yanbu Commercial Port and Port of Jazan. 

RSGT expects to invest a minimum of SAR1.6bn (US$418m) over the 20-year concession period, with SAR700m (US$180m) allocated for expenditure within the first five years of the concession period.